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1038 N Main Street Coolidge, AZ 85128

4 Beds 2 Baths 1,456 sqft Built 1989

$214,900

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $147.60
  • 4 Days on Market
  • MLS # : 6193000
  • Updated Date : 02/11/2021 at 21:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Gorgeous FULLY renovated home in the beautiful Coolidge, Arizona. Four spacious bedrooms and two full baths. It has a full shed in the back. All rooms have ceiling fans, central AC, and it is a corner lot as well. In a great location, near shops and restaurants.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85128

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85128

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6591567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
West Elementary School Primary Regular 605 26 1
Hohokam Middle School Middle Regular 281 13 2
Coolidge High School High Regular 611 33 5

West Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 26
1
GreatSchools Rating

Hohokam Middle School

  • Education Level: Middle
  • # of students: 281
  • # of teachers: 13
2
GreatSchools Rating

Coolidge High School

  • Education Level: High
  • # of students: 611
  • # of teachers: 33
5
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$746
Property Tax -$135
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$16

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$214,900

PROJECTED PRICE

$1,020

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$11,382

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,187

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0003$1,2004$1,2955$1,400
$1,400
RENT COMPS ANALYSIS
  • 1038 N Main Street Coolidge, AZ 1
    • 4 beds 2 baths ∙ 1,456 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,456 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 323 W Wilson Avenue Coolidge, AZ 2
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 2006
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.83
    •  
  • 815 W Shannons Way Coolidge, AZ 3
    • 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 2000
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.79
    •  
  • 1412 S 7th Street Coolidge, AZ 4
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2005
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.74
    •  
  • 1216 N Mesquite Lane Coolidge, AZ 5
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1971
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
PROPERTY LISTING DETAILS
Selena Barash
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193000
Last Updated: 02/11/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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